South Korea's Hanwha Ocean Makes $649 Million Offer for Austal.

Autor: Cherney, Mike (AUTHOR), Winning, David (AUTHOR)
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Zdroj: Wall Street Journal - Online Edition. 4/3/2024, pN.PAG-N.PAG. 1p.
Abstrakt: South Korea's Hanwha Ocean has made a $649 million bid to take over Australian military shipbuilder Austal. However, Austal has expressed concerns about obtaining approval from both Australian and U.S. regulators due to its role in building vessels for the U.S. Navy. Australia is planning a costly military overhaul to prepare for regional threats, including a more assertive China, and is working with allies such as South Korea to expand its defense capabilities. The bid from Hanwha Ocean tests the Australian government's tolerance for allowing foreign ownership of key defense companies. [Extracted from the article]
Databáze: Regional Business News